Rent vs buy

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National market update

NAR Grants Help Make Home Ownership an Affordable Opportunity

Washington, May 31, 2011 - Seventeen local and state Realtor® associations have been awarded over $60,000 through the Housing Opportunity Program Grants, a National Association of Realtors® grant program. The funds will be used by the associations to promote and expand affordable housing opportunities in their communities. More...
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National housing indicators

Existing home sales ()

4.81*

Existing home median price ()

$166,500

Housing Starts ()

560,000 units*

New home sales ()

National economic indicators

Home ownership

1st Qtr 11

66.4%

4th Qtr 10

66.5%

The homeownership rate in the first quarter 2011 (66.4 percent) was lower than the first quarter 2010 rate (67.1 percent). In the South and West, the homeownership rates were lower than a year ago, while the Northeast and Midwest showed no significant change from the corresponding first quarter 2010 rates.

New home sales

Apr 11

+7.3%

Mar 11

+8.3%

Sales of new one-family houses in April 2011 were at a seasonally adjusted annual rate of 323,000. This is 7.3 percent above the revised March 2011 estimate of 301,000

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Local Sales & Price Activity

Sandi Nizzi

Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time. Read more

Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. Read more

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Consumer tips & hot properties

Home Improvements that Pay Off

Today's Buyers are Less Willing to Compromise

The temptation is strong: Clean up the yard, de-clutter the house, and put it on the market without spending time and money sprucing the place up for sale. This is especially the case if you anticipate losing money on the sale. More...Read more

Housing Trends eNewsletter is filled with U.S. Census Bureau key market indicators, consumer videos, blogs, a real estate glossary, mortgage rates and calculators, consumer articles, real estate radio, realtor.com® local community reports and local and national real estate sales and price activity provided by local MLSs and the National Association of REALTORS®.

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